Why Bitcoin, Ethereum, and Dogecoin Dropped Today
— Positions, Motley, Dogecoin, Dropped, Million, Bitcoin, Today, Market, Collateral, Stocks — 1 min read
Bitcoin (CRYPTO: BTC) is down 3.5% in the last 24 hours. Over the last week, the same cryptocurrencies are up by 7.4%, 8.7%, and flat, respectively. More pain is being reported in the crypto lending space as exchange Blockchain.com reportedly faces a $270 million loss on loans to Three Arrows Capital. The good news is that Celsius continues to unwind its complex positions. Over the next few years, we'll likely see many types of transactions move to the blockchain and businesses will begin building more use cases over time. That will take time, but long term we need to keep in mind that a lot of value is being built and that will be great for investors who buy and hold Source